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Did insurance companies profit from obamacare. Coming off of a profitable 2018 health insurers were still making money selling plans on the individual insurance market during the first three months of this year an analysis by the kaiser. It s hard to find a federal law that s polarized the american public as much as the affordable care act aca better known as obamacare. The premium increases follow months of major insurance companies groaning about financial losses thanks to obamacare customers. Climate change by executive order.
In march 2016 insurer blue cross blue shield published a report. Insurance companies profit from obamacare. Well over a year after its implementation the debate. Does a 100 trillion debt total matter.
China becomes largest trading nation. Underground commerce is the real economy. The writing of the affordable care act. The industries that profit from our current health care system wrote the legislation heavily influenced the regulations and have received waivers exempting them from provisions in the law.
The industry s net income rose to 13 1 billion up 46 from a year earlier according to a report. The health care industry spent nearly 500 million lobbying for health care issues in 2012 and 243 million so far in 2013 obamacare or corporate care. The average cost of health insurance plans sold in the individual market climbed about 22 percent in 2017 as insurers boosted premiums well above what they spent on medical care. The business of the christmas season.
The affordable care act aca also called obamacare may be the biggest insurance scam in history. Economics of non governmental organizations. No one can reasonably deny that the major insurance companies were the driving force behind the writing of the affordable care act legislation. A quote from the same study indicates that subsidies are being covered by the government e g you and me while the insurance companies made more profits from their premium increases.
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